Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 11%* p.a.
Loan Tenure
12-72 Months

Avail of a Pre-owned Car Loan in Gorakhpur Online

Gorakhpur is famous for its temples, monuments and traditional folk music. It also has several industries, such as textiles, printing, sugar, etc. Buy the car of your choice in this city with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our competitive interest rates, a loan of up to 100% of the car’s value, flexible EMIs and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
Competitive
Interest Rate
Online Application
Flexible Repayment Tenure
Swift
Approval
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Prepare a repayment plan using our online EMI calculator. Enter the loan amount, loan tenure, and interest rate to calculate your EMI instantly. Try it now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹200000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
11 %
30 %

Tenure

Months
12Months
72Months

Apply for a Pre-owned Car Loan in Just 3 Steps

Click on "Apply Now"

Tap the “Apply Now” button to initiate your application.

Enter Details

Enter your DOB, contact, employment and car details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Pre-owned Car Loan in Gorakhpur

The eligibility criteria for Poonawalla Fincorp’s used car loan depend on whether you are salaried, self-employed or a firm/company and on other aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Gorakhpur

Submit just a few documents:

  • KYC Documents
  • Income Proof
  • Address Proof
  • Car Documents
  • Bank Account Statement

Click to know more about the necessary documents in detail.

Interest Rate and Charges for a Used Car Loan in Gorakhpur

We offer a used car loan with competitive interest rates and nominal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 2%
Lowest EMI Per Month
Starting from ₹1903* per Lakh for 72 months
Loan Tenure
12 – 72 Months
Prepayment/Foreclosure Charges
4% plus applicable taxes
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Cars You Can Buy With a Second-hand Car Loan

  • SUVs 
  • Hatchbacks 
  • Premium cars 
  • Sedans 
  • Crossovers 

Who Can Get a Pre-owned Car Loan in Gorakhpur

  • Companies or Firms 
  • Salaried Individuals 
  • Self-employed Professionals 

Tips for a Successful Used Car Loan Application

  • Fulfil the eligibility criteria 
  • Maintain a credit utilisation ratio of 30% 
  • Check your credit score 
  • Frequently check your credit report for discrepancies 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Gorakhpur

Poonawalla Fincorp Limited 

Address: 1st Floor, Hanuman Mandir Road, Near Jasraj Cloth House, Betiyahata, Gorakhpur, Uttar Pradesh-273001

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the maximum loan amount I can avail from Poonawalla Fincorp?

The maximum loan amount you can avail in Gorakhpur from Poonawalla Fincorp is ₹75 Lakh. Meanwhile, the lowest amount you can avail is ₹2 Lakh. The loan amount you are eligible for depends on various factors like your credit score, income, existing debts, and so on. 

Is it possible to get a used car loan with a bad credit score?

No, you cannot get a used car loan with a bad credit score. Having a credit score of at least 750 enables you to get a second-hand car loan with lower interest rates and better terms. 

 

What income documents should self-employed applicants submit for a used car loan?

Self-employed applicants should submit these documents to apply for Poonawalla Fincorp's second-hand car loan: 

  • Income Tax Returns for the last 2 years 
  • Profit/Loss statement and balance sheet for the last 2 years 
  • GST Returns.